Archive for September 8, 2010

Homebuyer Tax Credit Totals for Pennsylvania

September 8, 2010 Leave a comment

A report tallying the number of homebuyers who claimed the Homebuyer Tax Credit was released by the GAO (Government Accountability Office).  The full report can be viewed at GAO-10-1025R.

So far, 2.3 million buyers have claimed $16.2 billion of the $8,000 and $6,500 tax credits for first-time and qualified repeat buyers.  Of the 2.3 million claims, 1.7 million buyers claimed the $8,000 first-time buyer credit for $12.1 billion.  600,000 claimed the $6,500 tax credit for qualified repeat buyers for $4.1 billion.

Per the GAO Pennsylvania total claims processed as of 7/3/2010:  41,257  and  the total dollar amount $274,058,755.  The numbers are still incomplete as the IRS continues to process submitted claims.